Is cgexchange.asia a scam?
'LIKELY SCAM'
Risk: HIGH
Website Screenshot
Overview
This is a newly registered site purporting to offer quick USDT and fiat currency exchanges with real-time rates but relies on Telegram for transaction finalization and displays multiple red flags typical of pig-butchering scams. Numerous strong risk indicators suggest high likelihood of a scam operation.
Why We Think This Is A Scam
Domain less than a week old; newly registered domains are often used for scams.
Hosted in ID (Indonesia), a high-abuse jurisdiction, via low-cost provider Hostinger.
Relies on Telegram for customer service and transaction finalization, an indicator of social engineering/downstream pressure techniques instead of legitimate business processes.
No verifiable licensing, company registration, or regulatory information present.
Promises one-stop, instant crypto-to-fiat swaps but requires contacting customer service for actual transactions, a classic withdrawal friction/man-in-the-middle technique.
References to 'recent platform runs' and 'restrictions to wallets' as excuses for transaction issues, which are common scam scripts to explain obstacles and force use of specific channels.
Minimum transaction threshold (1000 USDT) imposed under the pretext of 'avoiding congestion'—a common pig-butchering ploy to compel large transfers.
Stay Protected
Get real-time protection while browsing. Our Chrome extension helps protect against scams and phishing attacks.
Add to Chrome
Quick Actions
Registration Info
Registrar:GNAME.COM PTE. LTD.
Registered:2025-12-05
Hosting Info
Provider:Hostinger Operations, UAB
Location:ID
Help Others Stay Safe
Get protected and share safety tips with your community. Together, we can make the internet safer.